We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Symantec president and CEO replaced by company's chairman

Revenue grew by 1 percent in its first fiscal quarter

Security software vendor Symantec said Wednesday that Enrique Salem, its president and chief executive officer, had stepped down with immediate affect, after the company reported that its revenue for the quarter ended June 29 grew 1 percent year-over-year to US$1.7 billion.

Symantec said its board of directors has appointed Steve Bennett, the current chairman of the board, to also hold the posts of president and chief executive officer.

The board's decision to make a leadership change was not based on any particular event or impropriety but was instead made after ongoing consideration and a deliberative process, said Dan Schulman, Symantec's newly-appointed lead director, in a statement. Bennett however said that in his view "Symantec's assets are strong and yet the company is underperforming against the opportunity."

[more to follow]


IDG UK Sites

Best Christmas 2014 UK tech deals, Boxing Day 2014 UK tech deals & January sales 2015 UK tech...

IDG UK Sites

LED vs Halogen: Why now could be the right time to invest in LED bulbs

IDG UK Sites

Christmas' best ads: See great festive spots studios have created to promote themselves and clients

IDG UK Sites

Stop running out of cellular data on your iPhone, see which apps use the most data